Lavoro Limited (NASDAQ:LVRO – Get Free Report)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $5.84, but opened at $6.26. Lavoro shares last traded at $6.06, with a volume of 48,916 shares changing hands.
Analysts Set New Price Targets
Separately, Oppenheimer began coverage on shares of Lavoro in a report on Thursday, April 11th. They set an “outperform” rating and a $11.00 target price on the stock.
Check Out Our Latest Research Report on LVRO
Lavoro Price Performance
Lavoro (NASDAQ:LVRO – Get Free Report) last issued its earnings results on Thursday, March 7th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.10). Lavoro had a negative net margin of 5.99% and a negative return on equity of 6.44%. The firm had revenue of $618.96 million during the quarter, compared to analysts’ expectations of $626.10 million. On average, analysts anticipate that Lavoro Limited will post -0.35 EPS for the current year.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the stock. Sandia Investment Management LP bought a new stake in shares of Lavoro during the first quarter worth $11,201,000. Boothbay Fund Management LLC acquired a new position in Lavoro during the 1st quarter valued at about $2,550,000. Polar Asset Management Partners Inc. bought a new position in shares of Lavoro in the 1st quarter valued at about $941,000. Citadel Advisors LLC acquired a new stake in shares of Lavoro during the 2nd quarter worth approximately $114,000. Finally, Northern Trust Corp bought a new stake in shares of Lavoro during the fourth quarter worth approximately $161,000. 2.47% of the stock is currently owned by institutional investors and hedge funds.
About Lavoro
Lavoro Limited operates as an agricultural inputs retailer. The company operates through three segments: Brazil Cluster, LATAM Cluster, and Crop Care Cluster. It distributes agricultural inputs, such as crop protection, seeds, fertilizers, foliar fertilizers, biologicals, adjuvants, organominerals, and others for the agricultural industry.
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